I would recommend rolling it into an IRA (which ever one is best for you). Then you have the option of using the MF investing strategies, whereas you will probably be more limited in the new 401K. Although you can borrow from a 401K, but not an IRA.When I changed jobs last year I rolled my 401K into the new employers plan. Now I wish I had rolled it into my IRA. I would recommend an IRA with a discount broker.